Investor Alert! Welcome to 1563 Allen Place, a well-maintained six-plex offering exceptional cash flow potential in a sought-after London location. This solid income-producing property features five 3-bedroom units and one 1-bedroom unit. Current gross annual income exceeds $102,900. The property includes an on-site coin-operated laundry (owned) for additional revenue and is self-managed, keeping operating costs low. Estimated monthly expenses average $2,238, including insurance, taxes, cleaning, hydro for common areas, and snow removal, resulting in an impressive projected NOI of $76,000 per year. Tenants enjoy spacious layouts, ample parking, and proximity to Western University, Fanshawe College, shopping, parks, and public transit, making this a highly desirable rental location with consistent demand. With stable tenants in place and rental growth on the horizon, this property is a turnkey addition to any investor's portfolio. Whether you're expanding your holdings or looking for a reliable income property in London's rental market, 1563 Allen Place offers the perfect balance of steady income, future growth, and low management overhead. Full Income/Expense Summary can be found in Documents.
Details
X12768656
10
$1,239,000
Tenant
None
6 + 6
2-Storey
16
6
3500-5000 Sqft
N/A N/A
N/A
Multiplex
Sale
Additional details
Radiant / Other
R8-1
$10276
2025
LOT 9, PLAN 894 LONDON/LONDON TOWNSHIP
N/A
N
Other
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Municipal
Schools Nearby
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FAQ
What is the total square footage of the X12768656 - 1563 Allen Place, London East, ON N5W 2V9?
The total square footage of this property is 3500-5000 SqFt.
What schools near to X12768656 - 1563 Allen Place, London East, ON N5W 2V9?